Five,Qualities,Great,Business, business, insurance Five Qualities of a Great Business Opportunity
Small offices have unique needs, and thatincludes document shredding. Designed with the smaller business inmind, the Dahle 20314 is a cross-cut shredder that offers Level 3security and brings you into compliance with federal regulations. The As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise. Franc
1. A low overhead and startup costOverhead is any fixed cost that accrues whether you make a dimeor not. They include; rent, employees, utilities, phone access,etc. Starting a business can be costly if it requires developinga new office space. A home-based business makes the most ofexisting resources. The lower the fixed costs, the greater theodds a new business will be able to weather the storm fromstart-up to profitability.After much searching, I chose The Success Website as anadditional income stream: http://www.thesuccesswebsite.com/2542It is a great opportunity at just $19.95 per month. It requiresNO additional overhead and I am entitled tax write-offs on mycomputer, Internet access, phone line, in-home office space,utilities, lunches where I talk about the opportunity and more.In tax savings alone it pays for itself without making even adime. (*Consult your tax advisor for your specific situation).2. LeverageLeverage is the difference between the rich and the poor. Therich effectively leverage their time, money and resources. Thepoor do not. The rich leverage time by having others do tasks atless than what they have the potential to earn during the sametime period. The poor spend their time working for the profit ofothers. And, the rich leverage their money by controlling a cashflow generating resource assets - with as little of their ownmoney as possible.Working on your business and in your business are not the same.As Rich Dad Poor Dad author Robert Kiyosaki says, if you can walkaway for a year and it doesnt miss a beat you have a business.If not, youre self-employed you have a job. You are notutilizing the power of leverage. (I highly recommend Kiyosakisbooks if you have not read them. Learn more athttp://www.getSynergized.com/richdad.htm)3. Little or no inventoryInventory is expensive to acquire and maintain. It requires abig chunk of cash - or debt - to acquire and there is noguarantee of selling even one widget. It requires complicatedsystems. It requires a team of people to manage it, order it,sort it, ship it, restock it, count it and reorder it again.Inventory also requires space. Having a low, or ideally,no-inventory business is the way to go.Again I recommend the Success Website mentioned above. I alsorecommend e-books - electronic books that you can store on adiskette. Check out some examples athttp://www.CoachingWorksInc.com/ebooks.htm4. Product or service benefits peopleIts easier to sell something you can stand behind than not. Its also easier to sleep at night knowing what you have to offer isimproving the life of another. Seek out a business with aproduct or service that produces an asset for those who buy oruse it.An asset puts money in our pocket. A liability takes money out.Nothing feels better than helping people create assets in theirlife investments that produce ongoing good for them. Do youoffer assets or liabilities?5. The product or service produces residual incomeResidual income means you invest an hour today and you get paidfor that hour indefinitely. This is the information age.Intellectual property is a hot product. The creation ofintellectual property may require some time up front, but in thelong run it pays and keeps paying without any additional effort.You can either invest the time developing your own intellectualproperty - books, music, etc. Or, you can take advantage of IPthat already exists with the right business program.My Success Website business puts money in my bank account everymonth. If I never did anything else, it would continue toproduce a passive revenue stream for me.As a fledgling entrepreneur, I tried a lot of ways to make alittle (very little) money. I made many mistakes. If youutilize these five criteria in evaluating a business before youenter it, I believe your long-term results will produce thefinancial goals you desire. Best wishes to you for all thesuccess you can handle!
Five,Qualities,Great,Business,